Page 2073 - Economy & Policy News
DoT didn't approach Trai for views on floor price for tariffs, says chief
We have not received anything," Sharma said when asked if the DoT has approached Telecom Regulatory Authority of India
 "DoT didn't approach Trai for views on floor price for tariffs, says chief")
Modinomics stinks so bad govt has to hide own reports: Rahul on NSO data
The report also claimed the NSO report was approved to be released on June 19, 2019, but was withheld by the government agency owing to its "adverse" findings
 "Modinomics stinks so bad govt has to hide own reports: Rahul on NSO data")
Why Vodafone-Idea is in trouble despite being India's No. 2 telecom firm
Vodafone Idea yesterday reported a massive net loss of Rs 50,922 crore for the July-September quarter, the highest-ever quarterly loss by an Indian company
 "Why Vodafone-Idea is in trouble despite being India's No. 2 telecom firm")
Consumer spend sees first fall in 4 decades on weak rural demand: NSO data
In rural areas, it declined by 8.8% in 2017-18; in cities, it rose by 2% over 6 years
 "Consumer spend sees first fall in 4 decades on weak rural demand: NSO data")
India's PC market grew 15.8% to 3.1 million units in Q3, says IDC report
Lenovo led the tally with 28.5 per cent share in September 2019 quarter, followed by HP (26.4 per cent)
 "India's PC market grew 15.8% to 3.1 million units in Q3, says IDC report")
MSME plays key role in becoming $5 trillion economy, says Union minister
He said earlier Indian companies used to export material and import finished goods due to lack of technology availability
 "MSME plays key role in becoming $5 trillion economy, says Union minister")
AP launches Rs 12,000-cr scheme to introduce English medium in govt schools
He also announced that the government will introduce another scheme called 'Amma Vodi' in January 2020 to give incentives to mothers who send their children to school
 "AP launches Rs 12,000-cr scheme to introduce English medium in govt schools")
India, China agree to hold next round of border talks after Modi-Xi meet
The India-China border dispute covers 3,488-km-long Line of Actual Control (LAC). China claims Arunachal Pradesh as part of southern Tibet while India contests it.
 "India, China agree to hold next round of border talks after Modi-Xi meet")
Vodafone Idea net worth down 70%, Bharti Airtel hurt but still in the game
Vodafone Idea's net debt to equity ratio has jumped to a record level of 4.5x at the end of September this year, as against 1.24x at the end of June and 1.8x at March-end
 "Vodafone Idea net worth down 70%, Bharti Airtel hurt but still in the game")
Indian Railways enters into deal with MELPL for procurement and maintenance
Ministry of Railways and Alstom came together in 2015 to transform the heavy freight transportation landscape of the country
 "Indian Railways enters into deal with MELPL for procurement and maintenance")
Amid economic slowdown, Moody's lowers India's 2019 growth forecast to 5.6%
Revises prediction from 6.2%, says slump lasting longer than expected
 "Amid economic slowdown, Moody's lowers India's 2019 growth forecast to 5.6%")
Oct wholesale inflation at 40-month low of 0.16% on cheaper non-food items
The previous low was in June 2016, when inflation was negative 0.1 per cent. Deflationary pressure on manufactured product prices
 "Oct wholesale inflation at 40-month low of 0.16% on cheaper non-food items")
Govt eases norms for opening bank account for migrants using Aadhaar KYC
The changes were made by amending the Prevention of Money-laundering (Maintenance of Records) Rules, as per a gazette notification issued on Wednesday.
 "Govt eases norms for opening bank account for migrants using Aadhaar KYC")
Will pay farmers' dues even if defaulter sugar mills have to be sold: UP CM
Adityanath said his government is making a lot of efforts to get rid of the stagnation created by Samajwadi Party and Bahujan Samaj Party in the past years
 "Will pay farmers' dues even if defaulter sugar mills have to be sold: UP CM")
Govt plans North East Industrial Corridor to boost jobs, tourism: Rajnath
The Defence Minister also lauded the Five-Year Road Plan of Khandu under which all the existing inter-state and inter-district roads will be upgraded to state highway specifications by 2024.
 "Govt plans North East Industrial Corridor to boost jobs, tourism: Rajnath")
Need self-sufficiency in high-grade steel; industry must step up: Pradhan
High grade and value-added steel are used in power, defence and automobile which is currently imported
 "Need self-sufficiency in high-grade steel; industry must step up: Pradhan")
At Rs 6 trn, CBDT's direct-tax mop-up so far less than 50% of FY20 target
The income tax department has also launched a faceless e-assessment scheme to eliminate interface between an assessing officer and a taxpayer
 "At Rs 6 trn, CBDT's direct-tax mop-up so far less than 50% of FY20 target")
BRICS nations for common payment system to reduce dollar dependence: Russia
Dmitriev said the five BRICS nations had also discussed creating a common cryptocurrency for mutual payments as the grouping was reducing the share of payments in the U.S. dollar.
 "BRICS nations for common payment system to reduce dollar dependence: Russia")
Govt's realty fund too small? JLL India says Rs 70k-cr needed for revival
In a much-awaited relief for distressed home buyers awaiting possession of their flats, the Centre last week up to Rs 10,000 crore for completing housing projects
 "Govt's realty fund too small? JLL India says Rs 70k-cr needed for revival")
Labour Minister Santosh Gangwar pitches for a separate cooperative ministry
Labour minister pitches for a separate ministry for cooperatives
 "Labour Minister Santosh Gangwar pitches for a separate cooperative ministry")